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[hanera]

Xi is gradually removing this requirement, things can’t happen overnight. Tesla recently set up a Chinese factory totally owned by Tesla. Talk about the future not about what is past and even present… no overnight changes.

@hanera

Tesla to build Gigafactory 3 in Shanghai

It’s also notable because this will be a wholly owned Tesla factory, not a traditional joint venture with the Chinese government. Foreign companies have historically had to form a 50-50 joint venture with a local partner to build a factory in China.

Chinese President Xi Jinping has pushed forward plans to phase out joint-venture rules for foreign automakers by 2022. Tesla is one of the first beneficiaries of this rule change.